Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian… Continue reading Silver Lake to invest $747M in India’s Jio Platforms
Tag: Didi
Geely & Caocao Chuxing: robot taxis from 2021
Another start-up from China is planning to launch the robot taxi service commercially: Caocao Chuxing. AutoX has just started its robot taxi service in Shanghai. The start-up WeRide wants to start next year and Pony.ai wants to be ready for the market in five years. These startups are not the only ones and most are… Continue reading Geely & Caocao Chuxing: robot taxis from 2021
AutoX starts official robot taxi service in Shanghai
The start-up AutoX has integrated its app into the Alibaba app area. The service is now officially on the market. Nice Waymo has put its app online for using the robot taxi service, but can only be used by selected people. The Chinese start-up AutoX operates in the USA also a robot taxi service, but… Continue reading AutoX starts official robot taxi service in Shanghai
Didi raises $1 billion in push for 100 million daily trips
Chinese ride-hailing platform Didi Chuxing has reportedly secured a $1 billion round of fresh funding for its bike rental business Qingju, as the company seeks to diversify growth in the Chinese mobility market with a target of 100 million daily trips for the next three years. People familiar with the deal told LatePost (in Chinese)… Continue reading Didi raises $1 billion in push for 100 million daily trips
China’s BAIC, Didi plan car leasing service amid new car sales slowdown
FILE PHOTO: The logo of Beijing Automotive Group (BAIC) is seen during the Auto China 2016 auto show in Beijing, China, April 29, 2016. REUTERS/Damir Sagolj BEIJING (Reuters) – Chinese automaker BAIC Group and ride-hailing service provider Didi Chuxing plan to team up with other industry players to lease BAIC’s cars to customers amid concerns… Continue reading China’s BAIC, Didi plan car leasing service amid new car sales slowdown
China’s BAIC, Didi plan car leasing service amid sales slowdown
Chinese automaker BAIC Group and ride-hailing service provider Didi Chuxing plan to team up with other industry players to lease BAIC’s cars to customers amid concerns about ride hailing and vehicle sharing eating into car sales. The companies, which have a joint venture to develop “next-generation connected-car systems”, will partner with electric vehicle (EV) battery… Continue reading China’s BAIC, Didi plan car leasing service amid sales slowdown
SoftBank nears deal to invest in Didi’s self-driving unit – The Information
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo/File Photo (Reuters) – SoftBank Group Corp is close to finalizing a deal to lead a $300 million investment in the autonomous driving unit of Didi Chuxing, news website The Information reported… Continue reading SoftBank nears deal to invest in Didi’s self-driving unit – The Information
Didi to publish safe ride standards
Ride-hailing platform Didi Chuxing said on Monday it has worked with a state-backed industry group to create China’s first nationwide guidelines for ride-hailing platforms dealing to prevent transmission of Covid-19 during rides. The guidelines are closely based on measures Didi has already adopted, promoting a Didi model for safe ride-hailing that includes AI-based mask checks… Continue reading Didi to publish safe ride standards
Toyota partners with China’s Momenta on high definition maps for autonomous cars
FILE PHOTO: A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. REUTERS/Athit Perawongmetha BEIJING/SHANGHAI (Reuters) – Japanese automaker Toyota Motor Corp has partnered with Chinese autonomous driving startup Momenta to develop a high definition (HD) mapping platform in China for autonomous driving vehicles, Momenta said in a… Continue reading Toyota partners with China’s Momenta on high definition maps for autonomous cars
Statistics: Autonomous test kilometers in Beijing
A poll in Beijing found that 77 autonomous vehicles drove over a million kilometers in 2019. It is reminiscent of the DMV report. which was recently released. The Innovation Center for Intelligent Mobility (BICMI) Beijing asked the companies that are testing the technology in Beijing about the test kilometers traveled. In Beijing, too, the companies… Continue reading Statistics: Autonomous test kilometers in Beijing